How to enter stock transferred from club into IAM

Carol Evelyn Finkler on

When my club disbanded last year, shares of stock were
transferred to me. How do I enter that into IAM Investor
Account Manager Quant IX software?

How do I know my cost basis?
I have since sold one of the stocks

thanks, Etana

Jim Thomas on

Your cost basis is shown on the Withdrawal Report which the club should have
provided to you.

----- Original Message -----
From: "Carol Evelyn Finkler" <etana.finkler@gmail.com>
To: <club_cafe@bivio.com>
Sent: Thursday, July 12, 2012 8:13 PM
Subject: [club_cafe] How to enter stock transferred from club into IAM

> When my club disbanded last year, shares of stock were
> transferred to me. How do I enter that into IAM Investor
> Account Manager Quant IX software?
>
> How do I know my cost basis?
> I have since sold one of the stocks
>
> thanks, Etana
>

Carol Evelyn Finkler on

I found the withdrawal report:
FDS 24 sh; members adj cost basis 2007.09
FDS 16 sh; members adj cost basis 1349.92

SYK 54 sh; members adj cost basis 2868.42

What do I do with this information, for entering the
"purchase" into IAM?
thanks, Etana

Jim Thomas on

Enter them into IAM as three separate stock purchase transactions. For
acquisition date use the date the club purchased the stock (which should be
on the Withdrawal Report).

When a full withdrawal is paid in stock, the withdrawing member inherits the
club's holding period (but *not* the club's cost basis) for the transferred
stock.

----- Original Message -----
From: "Carol Evelyn Finkler" <etana.finkler@gmail.com>
To: <club_cafe@bivio.com>
Sent: Thursday, July 12, 2012 8:24 PM
Subject: [club_cafe] Re: How to enter stock transferred from club into IAM

>I found the withdrawal report:
> FDS 24 sh; members adj cost basis 2007.09
> FDS 16 sh; members adj cost basis 1349.92
>
> SYK 54 sh; members adj cost basis 2868.42
>
> What do I do with this information, for entering the
> "purchase" into IAM?
> thanks, Etana
>

Etana Finkler on

Jim,

Thank you for your help:

I am still unclear.

This is what the withdrawal report says:

FDS 2/12/2008: 24 sh; price/share 99.32; market value 2383.68, clubs cost basis 1257.75;members adj cost basis 2007.09

So I use 2/12/2008 as the acquisition date (the club's holding period)

Question: Do I divide the 2007.08 (member's adj cost basis) by the number of shares 24 and get $83.53 as my cost basis?

Why would my cost basis be less than the price per share on the Widrawal report?

The closing price on yahoo on 2/12/2002 was 36.24

IAM wants me to enter the shares (24), the price (?), commission (0).

Also, I suppose I 'do NOT' deduct it from my money market sweep?

thanks, Etana

On Jul 12, 2012, at 11:45 PM, Jim Thomas wrote:

Enter them into IAM as three separate stock purchase transactions. For acquisition date use the date the club purchased the stock (which should be on the Withdrawal Report).

When a full withdrawal is paid in stock, the withdrawing member inherits the club's holding period (but *not* the club's cost basis) for the transferred stock.

----- Original Message ----- From: "Carol Evelyn Finkler" <etana.finkler@gmail.com>
To: <club_cafe@bivio.com>
Sent: Thursday, July 12, 2012 8:24 PM
Subject: [club_cafe] Re: How to enter stock transferred from club into IAM

I found the withdrawal report:
FDS 24 sh; members adj cost basis 2007.09
FDS 16 sh; members adj cost basis 1349.92

SYK 54 sh; members adj cost basis 2868.42

What do I do with this information, for entering the
"purchase" into IAM?
thanks, Etana

Jim Thomas on

Etana,

> This is what the withdrawal report says:

> FDS 2/12/2008: 24 sh; price/share 99.32; market value 2383.68, clubs cost basis 1257.75;members adj cost basis 2007.09

> So I use 2/12/2008 as the acquisition date (the club's holding period)

Yes.

> Question: Do I divide the 2007.08 (member's adj cost basis) by the number of shares 24 and get $83.53 as my cost basis?

> IAM wants me to enter the shares (24), the price (?), commission (0).

Can you enter the shares (24) and the total cost (2007.09) and let IAM calculate the price per share itself? If not, enter 83.62875 (2007.09 / 24) as the cost per share which should result in a total cost of 2007.09.

> Why would my cost basis be less than the price per share on the Widrawal report? <

The "price per share" on the Withdrawal Report represents the market value on the withdrawal date (i.e., it has nothing to do with your basis). 99.32 = 2383.68 / 24.

> Also, I suppose I 'do NOT' deduct it from my money market sweep? <

Correct (you didn't "actually" purchase the shares on 2/12/2008).

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